TCS,Kotak Bank and Axis Bank Intraday,Positional levels

By | July 17, 2013

TCS

TCS

TCS will be coming with its results on Tomorrow evening. Stock has been on dream rally in spite of rupee falling from the high of 61.Stock made a fresh high of 1685 today. Negative divergence can be seen in RSI,Stoch. TCS is also approaching its Gann Fan resistance of 1716. Positional traders keep an eye of 1686 on closing basis, Close above 1686 gives target of 1716 and 1741 in short term.

Buy above 1686 Tgt 1693,1700 and 1709 SL 1678

Sell below 1668 Tgt 1661,1654 and 1640 SL 1672

Axis Bank

Axis BankAxis Bank has broken its medium term support of 1200 and closed below it with volumes. If we see a follow up action tommrow and break and close below 1188 stock is heading towards 1144-1131 levels in short term.

Buy above 1203 Tgt 1210,1220 and 1232 SL 1193

Sell below 1188 Tgt 1177,1168 and 1155 SL 1193

 

Kotak Bank

Kotak Bank

Kotak Bank is holding its support line of 700 odd level, any break of trendline will lead to a quick fall till 665 in short term.

Buy above 715 Tgt 720,726 and 737 SL 711

Sell below 708 Tgt 702,692,684  SL 711

Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of June is .83 Lakh

  • All prices relate to the NSE Spot
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  • The call is valid for the next trading session only unless otherwise mentioned.
  • Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
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